Jay Gould's Way of Business

In hopes of rebuilding America, the capitalists’ hunger for wealth only widened the gap between the rich and poor. During the 1800’s, business leaders who built their affluence by stealing and bribing public officials to propose laws in their favor were known as “robber barons”. J.P. Morgan, a banker, financed the restructuring of railroads, insurance companies, and banks. In addition, Andrew Carnegie, the steel king, disliked monopolistic trusts. Nonetheless, ruthlessly destroying the businesses and lives of many people merely for personal profit; Carnegie attained a level of dominance and wealth never before seen in American history, but was only able to obtain this through acts that were dishonest and oftentimes, illicit.

Later in the fall of 1869 Gould and Fisk conspired with the brother-in-law of President Ulysses S. Grant to corner the gold market, causing the panic of "Black Friday," September 24, 1869, and a tremendous margin call for Gould. He was even reported as telling his partners to buy as he was selling tremendous volumes of gold. After the crash his partners were left with nothing as Gould went long the market at the lowest levels. Gould continued to loot the Erie until his departure in 1872. His role in the Erie War and the attempted gold corner gave him a reputation as the prime financial predator of the age.

65 billion dollars of fraud, such was the case for Bernie Madoff. Bernard Lawrence Madoff by definition from the Columbia Electronic Encyclopedia, 6th Edition is an American stockbroker, investment manager, and swindler. He is widely known for hosting the largest Ponzi scandal in US history. He not only ruined others life’s but he also ruined his own and his families. He took money from investors to pay off other investors to make it seem like they were making a profit.

In the gilded age freedom was valued over equality. Those who could rise would rise, crushing those they surpassed. During the Gilded Age, many industrialists were considered robber barons. They were in fact, because of the monopolies they created, the large amounts they "stole" from the American people, and their selfish attitudes. A few of these industrialists were Andrew Carnegie, John D. Rockefeller, and J.P. Morgan.

He would be in the ninth circle of hell with the man who betrayed Christ and the man who killed Julius Caesar. Booth would be down with the worst of the worst because he betrayed his country, yet he also killed a great leader in Lincoln. Lucifers three heads are holding the greatest sinners in all of history. If Lucifer had a fourth head, it would be holding John Wilkes Booth. President Lincoln was such an outstanding leader of America whom impacted millions of lives.

This especially made him very mad and disturbed. Growing up Leopold was also very shy and walked funny. While his brother Philippe was very ... ... middle of paper ... ...opold and rise to be the worlds deadliest dictator. Leopold II is the most deadliest dictator in the history of the world to ever live. The reason for this is because he is responsible for over 10 million deaths and continues to haunt the Congo and the world.

Jimmy Hoffa was a very powerful leader and president of the International Brotherhood of Teamsters, Chauffeurs, Warehouseman, and Helpers of America, whose mysterious disappearance, suspected of being Mafia connected, on July 30, 1975 has never been solved. Hoffa was a major figure in the Supermob, the go-betweens of the upper world and the mafia world. As the Teamster president, Jimmy had two very important voters: his members and the gangsters that helped him move up the ladder to union success. Hoffa served his gangster associates by writing them into Teamster union power and Teamster union pension-fund cash. In his Supermob role, Hoffa did more to expand the affluence of the gangs and knit them into the fabric of American life than any gangster since Al Capone.

George Wilson is a man that owns an auto shop and is married to Myrtle. Myrtle is Tom’s mistress that he fools around with. Lastly there was a man named Meyer Wolfshiem. He was known for fixing the 1919 World Series. Section 2: Summary of the book: The Great Gatsby is a book about a name named Nick Carraway that moves to New York to learn to be a bonds salesman.

Men such as Jesse Livermore became famous from buying and selling stock from the US treasury (Chancellor). This was an alternative way to become wealthy away from the Rockefellers and the Carnegies who made their fortunes from oil wells and steel mills. Many people who were money lenders gained success because of stock. Little did anyone know, the Great Depression was on the horizon. ... ... middle of paper ... ...nd unfair treatment between economic classes, which lead to the bubble.

"The corporate robber barons and monopolists of the 19th century stole from the poor while the government looked the other way. "(Gallagher) These industrialists made an enormous amount of money from their businesses and controlled their various markets through vast monopolies. They paid their workers very little money for extended periods of labor, and would continuously think of new wa... ... middle of paper ... ...than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience. "(Henderson) Works Cited Andrew Carnegie: A Tribute.